Two-Way Modeling of Decision for Imperfect Competition
Zhao Xiao-don
Abstract
Zhao Xiao-don
Abstract
Concerning the characteristics of imperfect competition, we give a multiple-modeling for the firms in monopoly, oligopoly and monopolistic competition markets with the use of fuzzy relation equations and their solutions. The firms may take advantage of the models to improve the comprehensive levels of their products in order to get more better economic benefit.
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Concerning the characteristics of imperfect competition, we give a multiple-modeling for the firms in monopoly, oligopoly and monopolistic competition markets with the use of fuzzy relation equations and their solutions. The firms may take advantage of the models to improve the comprehensive levels of their products in order to get more better economic benefit.
Key concepts: Monopolistic competition, Imperfect competition, Monopoly, Oligopoly, Imperfect, Economics, Competition (biology), Microeconomics